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Universal Corp (UVV) CEO surrenders shares for tax withholding on RSU vesting

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

UNIVERSAL CORP /VA/ Chairman, President & CEO Preston Douglas Wigner reported a tax-related share disposition. On June 1, 2026, 2,461 shares of common stock were surrendered to the company at $54.13 per share to cover withholding taxes on previously granted restricted stock units that vested that day.

After this non‑market, tax-withholding transaction, he held 103,928 shares of common stock directly, including 44,766 restricted stock units and 5,182 dividend equivalent units tied to those awards.

Positive

  • None.

Negative

  • None.
Insider Wigner Preston Douglas
Role Chairman, President & CEO
Type Security Shares Price Value
Tax Withholding Common Stock 2,461 $54.13 $133K
Holdings After Transaction: Common Stock — 103,928 shares (Direct, null)
Footnotes (1)
  1. Shares of common stock surrendered to the Company to satisfy the withholding taxes relating to previously granted restricted stock units that vested on June 1, 2026. Includes 44,766 restricted stock units and 5,182 dividend equivalent units earned on the restricted stock units.
Tax-withholding shares 2,461 shares Common stock surrendered for withholding taxes on June 1, 2026
Implied tax price $54.13 per share Value used for 2,461-share tax-withholding disposition
Shares held after transaction 103,928 shares Direct common stock holdings following June 1, 2026 disposition
Restricted stock units 44,766 units RSUs included in post-transaction holdings
Dividend equivalent units 5,182 units Dividend equivalents earned on RSUs in holdings
restricted stock units financial
"relating to previously granted restricted stock units that vested on June 1, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent units financial
"Includes 44,766 restricted stock units and 5,182 dividend equivalent units"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
withholding taxes financial
"surrendered to the Company to satisfy the withholding taxes relating to previously granted restricted stock units"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
Common Stock financial
"Shares of common stock surrendered to the Company to satisfy the withholding taxes"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Wigner Preston Douglas
(Last)(First)(Middle)
9201 FOREST HILL AVENUE
(Street)
RICHMOND VIRGINIA 23235
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL CORP /VA/ [ UVV ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chairman, President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/01/2026F2,461(1)D$54.13103,928(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Shares of common stock surrendered to the Company to satisfy the withholding taxes relating to previously granted restricted stock units that vested on June 1, 2026.
2. Includes 44,766 restricted stock units and 5,182 dividend equivalent units earned on the restricted stock units.
/s/ Catherine H. Claiborne, attorney-in-fact06/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did UVV CEO Preston Douglas Wigner report?

Preston Douglas Wigner reported surrendering 2,461 shares of Universal Corp common stock. The shares were delivered to the company to satisfy withholding taxes on previously granted restricted stock units that vested on June 1, 2026, rather than sold on the open market.

Was the UVV CEO’s Form 4 transaction an open-market sale of shares?

No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 2,461 shares were surrendered back to Universal Corp to cover withholding taxes on vested restricted stock units, a routine administrative step tied to equity compensation rather than a discretionary stock sale.

How many UVV shares does Preston Douglas Wigner hold after this transaction?

After the June 1, 2026 transaction, Preston Douglas Wigner held 103,928 shares of Universal Corp common stock directly. This total includes 44,766 restricted stock units and 5,182 dividend equivalent units earned on those restricted stock units, reflecting his ongoing equity-based stake.

What does the F transaction code mean in the UVV CEO’s Form 4?

The F code indicates shares were disposed of to pay an exercise price or tax liability. Here, 2,461 Universal Corp shares were surrendered to satisfy withholding taxes on restricted stock units that vested June 1, 2026, rather than being sold for investment or liquidity reasons.

What role do restricted stock units play in the UVV CEO’s holdings?

Restricted stock units form a significant part of his equity compensation. The filing notes 44,766 restricted stock units and 5,182 dividend equivalent units included in his 103,928-share position, showing a mix of vested and unvested awards that align his interests with long-term shareholder value.